In Order to Maximize Profit,a Firm That Produces Its Output

question 54

Multiple Choice

In order to maximize profit,a firm that produces its output in two plants will allocate total output between the two plants so that

• A)marginal cost is equal for the two plants.
• B)marginal cost for the firm is equal to the sum of the plants' marginal costs.
• C)marginal revenue for the firm is equal to the sum of the plants' marginal costs.
• D)all of the above

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Definitions:

Aromatic Ring

A stable ring-shaped molecule made up of alternating single and double bonds, common in many organic compounds.

O,p-director

Substituents that direct incoming substituents to the ortho and para positions in an aromatic ring during electrophilic substitution reactions.

Major Organic Product

The predominant compound produced through an organic reaction, usually of greatest interest or utility.

Cyano Substituent

A cyano substituent refers to a group containing a carbon triple-bonded to a nitrogen atom (-C≡N) attached to a molecular framework.